GAFI: Over 1400 Companies Established with EGP 2.6 bn Capital

• Thursday, 9th February 2017
• by Yasmin El-Beih

A total of 1445 companies have been established with a total capital of EGP 2.6 bn in January 2017 alone, Invest-Gate reports.

Remittances Rise 11.8% Q-o-Q to USD 4.6 bn

• Wednesday, 8th February 2017
• by Yasmin El-Beih

Egyptians abroad transferred USD 4.6 bn to Egypt in Q4 of 2016, marking an 11.8% y-o-y increase, Invest-Gate reports.

EGX Increase Expected in 2017

• Tuesday, 7th February 2017
• by Farah Montasser

The Egyptian Stock Exchange (EGX) targets 20,000 points level by the end of 2017 amid the current economic conditions, achieving 60% increase compared to its closing level by the end of 2016

USTDA Regional Director Meets Darwish

• Monday, 6th February 2017
• by Yasmin El-Beih

Head of the Suez Canal Economic Zone Ahmed Darwish met with Regional Director of the US Trade & Development Agency (USTDA) Carl Kres to discuss boosting trade and industrial sectors in the Suez Canal Economic Zone, Invest-Gate reports.

Parliament Approves KWD 50 mn loan for Sinai Development Projects

• Thursday, 2nd February 2017
• by Farah Montasser

The House of Representatives approved a KWD 50 mn (approx. EGP 3.07 bn) loan on February 1, signed between Minister of International Cooperation Sahar Nasr and the Arab Fund for Economic and Social Development (AFESD) to develop agriculture in Sinai through land reclamation and well drilling

Khorshid Unveils Integrated Development Plan for Upper Egypt

• Sunday, 29th January 2017
• by Farah Montasser

The Ministry of Investment has set up an integrated development plan for attracting investments in Upper Egypt

Nasr: The State Supports Small and Medium Enterprises in Upper Egypt

• Sunday, 29th January 2017
• by Farah Montasser

Following China and India’s footsteps, Egypt will link small and medium enterprises (SME) with larger ones as to encourage investors

Fitch Rates New Egyptian Dollar Bonds ‘B’

• Thursday, 26th January 2017
• by Yasmin El-Beih

Fitch Ratings has assigned Egypt's new senior unsecured bonds issued under the sovereign's Global Medium-Term Note programme 'B' ratings, Invest-Gate reports.

EGX Imposes EGP 25,000 Penalty on Global Telecom Holding

• Thursday, 26th January 2017
• by Yasmin El-Beih

The EGX’s Listing Committee imposed an EGP 25,000 penalty on Global Telecom Holding due to a violation of Article 27 of the Listing Rules.

EFSA Issues First Egyptian Standards for Buildings’ Financial Evaluation

• Wednesday, 25th January 2017
• by Yasmin El-Beih

The ِEgyptian Financial Supervisory Authority (EFSA) issued the first Egyptian standards for the financial evaluation of buildings on January 24.